Unveiling the WIP Schedule: Tracking the Pulse of Your Projects

Why Does Flynn CPA, LLC Recommend a WIP Schedule?

Your business isn't static; it's a dynamic entity with multiple moving parts. A WIP schedule is akin to a dashboard that showcases the health of all your ongoing projects at a glance. Think of it as a health-check, a way to ensure your projects are on track and profitable.



What's in a WIP Schedule, Anyway?

Our team at Flynn CPA, LLC ensures that your WIP schedule will typically highlight:

• Contract Essentials: This includes the project's name, who you're working with, the contract value, and pivotal terms.
• Progress at a Glance: We'll help you capture the percentage of completion, the costs you've encountered, your billings, and how much revenue you've recognized.
• The Road Ahead: Our forecast data will show you the anticipated final costs, expected profit (or loss), and estimated finish lines.

Crafting Your WIP Schedule with Flynn CPA, LLC: Our Process

1. Gathering the Nitty-Gritty: We start by pooling together all essential project details - from contracts and invoices to labor and material expenses.
2. Measuring the Milestones: Together, we'll pinpoint how far along each project is, based on costs, deliverables, or other parameters that suit your business.
3. Crunching the Numbers: Our experts will dive into the financial aspects, laying out costs to date, the state of your billings, and projected final costs.
4. Spotting Divergences: We contrast planned metrics with the real deal, highlighting variances and understanding their root causes.
5. Streamlining the Data: With clarity as our goal, we'll consolidate everything into a user-friendly table or digital dashboard, organized project-wise.

A WIP Tailored for You: Flynn CPA's Touch

Every business is unique. So, while we're ardent about the data, we're equally passionate about presentation. We'll use easy-to-grasp headings, intuitive color codes, and relevant visual aids to make your WIP schedule both insightful and accessible.

Keeping the Pulse: Regular Check-ins

A WIP isn't a 'set it and forget it' tool. To ensure it serves you best, we recommend and assist in regular updates – be it weekly, monthly, or any interval that mirrors the pace of your projects.

Elevating Your WIP Game: The Flynn CPA Way

As we journey together, we're always on the lookout for ways to enhance your WIP experience. This might mean harnessing the latest project management software or integrating more closely with your in-house systems.